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Cabinet forms review committee over BB reserve heist

Staff Reporter:

The Cabinet Division has formed a six-member committee headed by Law Adviser Asif Nazrul to review the Bangladesh Bank reserve heist.
A gazette notification was issued in this regard yesterday.
The members of the committee includes Muhammad Fouzul Kabir Khan, Adviser to the Ministry of Power, Energy and Mineral Resources, Ministry of Road Transport and Bridges and Ministry of Rail-ways, Faiz Ahmed Taiyeb, Special Assistant at the Ministry of Posts, Telecommunications, and Infor-mation Technology, Ahsan H Mansur, Governor of Bangladesh Bank, Ali Ashfaq, Director of Biman Bangladesh Airlines and Nazrul Huda, Chairman of Rupali Bank PLC.
The committee will evaluating the 2016 Bangladesh Bank reserve theft investigation’s progress, review-ing government actions, identifying responsible parties and provide necessary recommendations.
Hackers stole $101m from BB’s accounts with the Federal Reserve Bank of New York in February 2016. Of the amount, $81 million was transferred to four accounts with RCBC in the Philippines and another $20 million to a bank in Sri Lanka.
However, the transfer of $20 million to Sri Lanka failed because of a spelling error by the hackers.
Later, the BB was able to retrieve about $15 million from the Philippines.
Then Bangladesh Bank Deputy Director (Accounts and Budgeting) Zobayer Bin Huda filed a case with Motijheel Police Station on March 15, 2016 over the heist.

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